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Transport Secretary John MacGregor yesterday announced two new private finance initiatives to supplement the£17bn ...
Transport Secretary John MacGregor yesterday announced two new private finance initiatives to supplement the £17bn transport expenditure plans announced by Chancellor Kenneth Clarke.

The plans will help fund a £15.5bn investment programme which will include: a £400-£600m modernisation of the West Coast Main Line using private sector money and a further new £200 million air traffic control centre which the Civil Aviation Authority will site in Scotland and invite the private sector to finance, design, build and maintain.

Mr MacGregor said: 'Our plans for the next three years have above all two main features: public expenditure in key areas remains at historically high levels recognising the need to maintain transport infrastructure and capital investment; and the department is playing a leading part in the private finance initiative.

'Investment in the railways over the next three years is planned to be £3bn, of which £2.7 bn will be invested by the public sector. Next year about 40% of the government's total transport expenditure will be used to improve public transport still further although only 14% of journeys are made by bus, rail and tube.

Nearly £6 billion is planned to be spent on national roads over the next three years. Spending has had to be reduced below the record level of provision made for the current financial year and this will inevitably mean some future road schemes will have to start construction later than originally planned.

Details of the programme of new schemes that will start in 1994-95 will be announced in the New Year.

Mr MacGregor said spending on local roads over the next three years would be £2.7 billion. Details of the support available for local transport will be published before Christmas.

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